Gold falls 4% as Treasury yields hit multi-decade highs
Spot gold slid as much as 4% to $4,111 an ounce, its lowest since Aug. 5, as US Treasury yields surged and markets priced in a roughly 70% chance of another Fed rate hike in October.
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Spot gold slid as much as 4% to $4,111 an ounce, its lowest since Aug. 5, as US Treasury yields surged and markets priced in a roughly 70% chance of another Fed rate hike in October.
Trump rolls out red carpet as leaders seek stability despite deep tensions Trade truce extension envisaged, but major breakthroughs not expected Xi enters summit with stronger hand given trade surge and rare-earth dominance By Trevor Hunnicutt and David Brunnstrom WASHINGTON, Sept 24 (Reuters) — US President Donald Tru
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
Asian share markets edged higher as chipmakers benefited from AI demand, while oil prices eased on speculation of increased supply. The dollar dipped against the yen amid intervention concerns.
US Global Investors reported fiscal 2026 net income of $3.1 million, or $0.24 a share, versus a loss a year earlier. Operating revenue rose 21% to $10.3 million.
UK natural gas steadies at 148.4 pence a therm, hovering near a more than two-week high, as concerns over Europe’s gas supply security intensify amid Iran blockade threats and delayed LNG cargoes.
European natural gas steadies at €60.4 per MWh on Friday near a more than two-week high, as Iran Strait of Hormuz tensions delay LNG cargoes and leave storage only 59% full.
President Donald Trump used a NATO summit in Ankara to put Greenland back at the center of U.S. foreign policy. After several quiet months, Trump revived a dispute with Denmark, recasting the Arctic island as a security necessity. What Happened? Speaking alongside NATO Secretary General Mark Rutte, Trump accused allies
US market experiences rotation away from tech as weakness in mega-cap tech widens, with semiconductors declining 7% and NASDAQ opening down 3%.
Japan Finance Minister Katayama confirms holding online talks with US Treasury Secretary Bessent on Monday to discuss global financial markets and Iran conflict impacts
Gold's price movement may be determined by Thursday's inflation report as it balances the effects of a hawkish Fed and progress in US-Iran peace talks
US and Iranian teams are holding technical negotiations for the first time in history, marking a potential shift in diplomatic relations
US and Iranian teams are holding technical negotiations for the first time in history, marking a potential shift in diplomatic relations
Trump's interim agreement with Iran to bring an end to the war appears to be tilted in Tehran's favor, according to economists and energy analysts. As part of a 14-point memorandum of understanding, both sides commit to further talks to reach a final agreement over the next 60 days. The U.S. president, attending a meet